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Financial Planning / Paying For College

URL:  http://boards.fool.com/for-instance-bc-of-my-parents-income-i-am-not-14504356.aspx

Subject:  Re: manipulating the FAFSA system Date:  3/8/2001  3:27 PM
Author:  NellieD Number:  3556 of 8138

For instance, b/c of my parent's income, I AM NOT GETTING ANYTHING BUT AN UNSUBSIDIZED LOAN

Yes. Because of your parent's income, they can afford to help you with your education. There are many people who need the assistance much more than you do.
An EFC of $25K is substantial. You don't have this high of an EFC if the money isn't there. If your family chooses to spend their money elsewhere, that is their choice. Don't blame the government because you and/or your parents want to spend money on other things.

The cost of my school is $16,000. The EFC for my family is $24,900. The ONLY WAY FOR THE GOVT TO GIVE ME AID IS IF I WENT TO A HUGELY MORE EXPENSIVE SCHOOL.

All you would get at a more expensive school is more loans. With an EFC of $25K you are not considered to have any "unmet" need. Even if the COA were $30K, you would only get loans.

Don't be so angry. You're getting an education. Many people are not so fortunate.

NellieD






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